Singapore’s sovereign wealth fund, GIC has agreed to buy a European logistics real estate portfolio from private equity major Apollo Global Management for close to €950m ($1bn).
Three bidding groups including private equity major Apollo Global are reportedly looking to acquire Condor, the German airline business of defunct holiday maker Thomas Cook.
Private equity's global dealmaking slump in the second half of the year has continued into November, with the month recording its lowest transaction volume since February 2017.
Oakley Capital has made a hefty 6.7x money multiple selling its stake in web hosting automation software business WebPros Group to CVC Capital Partners.